India Today Group Online
 


March 26, 2001
Issue


 

COVER
   

Shamed And Crippled
With Tehelka.com's spy-camera taking a heavy political toll after the damning revelations of corruption in defence deals, the beleaguered Atal Bihari Vajpayee Government will have an uphill task restoring its credibility and undoing the damage to its image.

BJP: Old Hype

Interview:
Bangaru Laxman

Jaya Jaitly:
Jhola To Purse

Opposition: On A Roll

INDIA TODAY-ORG-MARG Poll: Outraged !

Defence Establishment
: Surgery For Graft


Interview: G. Fernandes

Barak Missiles:
Off The Mark


Tehelka:
Sting Theory


Highlights Of The Findings

Rakesh Kumar Jain: Gasbag Man

 

 
STATES
   

Wheeling A Good Deal
The battle for BALCO degenerates into a political chess match between Chhattisgarh Chief Minister Ajit Jogi, and Union Disinvestment Minister Arun Shourie. Jogi holds most of the aces at the moment--but will he play them all when it could mean loss of investments to the state?

 

 
STATES
   

The New Targets
The 60,000 policemen in Kashmir are caught in a dilemma. On the one hand, they are the target of militant attacks, and, on the other, the Army sees them with suspicion. It is not just themselves, but their families that the policemen worry about as they struggle to battle militancy and falling morale.

 

 
ECONOMY
   

Crisis Of Confidence While stock prices haven't recovered since the collapse of March 2, the panic has spread from Mumbai to Kolkata. Underlying the fear is a deepening fear of the Securities and Exchange Board of India's will or capacity to regulate the stockmarkets.

 

 
SPORTS
 

Escape to Victory
Down and virtually out, India create a miracle at the Eden Gardens to stun the Australians and break their winning streak.

 

 
THE ARTS
 

Mixing Metaphors Music, dance, and tourism synthesise in the famed textile centre of Maheshwar to provide sustainable synergies for its growth.

 

 
OTHER STORIES
     
 



 
  Home  
 

COVER STORY: TEHELKA

RAKESH KUMAR JAIN
Gasbag Man

Highlights Of The Findings

Meet Rakesh Kumar Jain. He is the Samata Party's alleged suitcase man who provided some of the Tehelka drama's juiciest dialogues, talking nonchalantly about a long list of defence deals. Yet today he denies, equally rashly, every single line. It is bizarre, considering Jain is on spycam bragging about his hotline to George Fernandes, his enormous commissions, his contributions to the party's kitty, and, of course, how he once made the chairman of MIG sweat by insisting on a 10 per cent cut on a Rs 3,600 crore deal "in which the prime minister would be involved".

 

 

FLOWERY SPEECH: To the Tehelka investigators Jain was a goldmine of information on cutting deals

At his Akash Deep office in Delhi's Connaught Place last week, Jain, 47, captain of the Pashupati Acrylon group, wasn't even feigning repentance for his deeds. On the contrary he issued a string of blatant denials against Tehelka. Short of stating that his head was transplanted on someone else's shoulders in the tape, that the voice which emanated from his mouth was a creation of some brilliant sound engineer and not his own vocal chords ("I was talking about a hospital project, they edited it to suit their defence story"), Jain tried to defend himself with statements bordering on the ludicrous. The Denial Master said that the tapes were doctored craftily, edited and composed to suit an "evil force" out to destabilise the Vajpayee Government. That the journalists who masqueraded as arms agents were props for an opposition without issues. For Jain everything in the tapes was false and that included his famous contacts, even his voice.

R.K GUPTA
RSS worker-turned-middle-man, tells Tehelka he can outsmart even the PMO
H.C. PANT
Deputy secretary in the Defence Ministry; he was the crucial link generals

His calling card, handed over to INDIA TODAY, stated that he was the national treasurer of the Samata Party. But then that was just a calling card. A few minutes across the table and it became evident that straight talk and Jain did not have a happy coexistence. Sample what he told this correspondent, "I don't think you can call me a national treasurer, even though I continue to be one." If that isn't enough to confuse you, try this one: "The newspapers say I've resigned, my party president hasn't accepted my resignation though. I, however, did resign, but actually no one's conveyed to me anything officially about accepting it. So I am the national treasurer of the party."

And so we take him back to his deals. Is it all true, about the cuts in the MIG deal, about how he helped Sagem, the French firm, to bag an order against heavy odds, how he clinched a Rs 560-crore deal for supply of Barak missiles from Israel's Rafael. "No, everything is false. I never said anything like that." We press further. Did Fernandes ask him to contribute Rs 2.5 lakh to the party fund? And did he eventually contribute Rs 50 crore to the party coffers, culled from defence deals? Did he go to Moscow to negotiate MIG kickbacks? He denies everything. He accepts having gone to Russia, but only "to talk to certain wool suppliers".

You realise this much. He wasn't serious about helping West End-much of what he said was balderdash. He had a habit of blending half-truths with fiction.


 

 
 
 
Care Today
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MetroScape
Pop Corn
"You are the best audience in the whole world," the Vengaboys tell raving crowds
in Delhi.
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Looking Glass

Delhi Exhibition:
Pop To Classic

Delhi Restaurant:
San Gimignano

Mumbai Accessories Store: Watches Of Switzerland

 
    Web Exclusives
DESPATCHES
 

A bloody crackdown on Naxalites in the south-eastern fringes of Uttar Pradesh proves that only developmental programmes, not guns, can help fight the menace. INDIA TODAY's Special Correspondent Subhash Mishra explains why in
Despatches.

 

 
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